Wednesday, 12 December, 2018

Banksy: Buyer Of Shredded Artwork Is Going Through With Sale

Banksy’s Girl With Balloon painting at Sotheby's auction Banksy’s Girl With Balloon painting at Sotheby's auction
Adrian Cunningham | 14 October, 2018, 08:26

The self-destructing painting by the artist Banksy has now been renamed after it was shredded soon after being sold at a live auction for $1.4 million, reports said.

The auction house said Thursday that Banksy's authentication body, Pest Control, re-authenticated the 2006 graffiti-style artwork, "Girl With Balloon".

In the statement, Banksy's former gallerist Steve Lazarides shut down any further speculation that the stunt was done in collaboration with the auction house.

The print sold for £1 million moments before it was destroyed.

Sotheby's, later said she now owned her own piece of art history.

Moments after the hammer fell at the auction on Friday, alarms sounded and the canvas dropped through a hidden shredder built into the bottom.

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Sotheby's said the buyer of the 2006 work "Balloon Girl", identified only as "a female European collector and a long-standing client of Sotheby's", had made a decision to continue with the purchase at the original price.

The maverick British artist posted a video on Instagram in the wake of the prank accompanied by a quote attributed to Pablo Picasso - "the urge to destroy is also a creative urge". Would its new, half-shredded form be worth less money or more, given its elevated status after the global media attention?

According to Sotheby's, the buyer commented: "When the hammer came down last week and the work was shredded, I was at first shocked, but gradually I began to realise that I would end up with my own piece of art history".

The buyer said the creation of the work was a seminal event.

The painting, which was auctioned off as part of Sotheby's "Frieze Week" contemporary art sale, will this weekend be on view at Sotheby's New Bond Street galleries in London.